Shell Asset Management Co. Grows Stake in Mettler-Toledo International, Inc. $MTD

Key Points

• Shell Asset Management Co. increased its stake in Mettler-Toledo International, Inc. by 120.7% during the second quarter, owning 1,309 shares valued at approximately $1.54 million at the end of the reporting period.
• Investment analysts have raised their price targets for Mettler-Toledo International, with Citigroup upgrading its target from $1,400 to $1,600 and maintaining a "buy" rating.
• Mettler-Toledo International's quarterly earnings surpassed estimates, reporting $10.09 EPS against a consensus of $9.58, showing a year-over-year revenue increase of 3.9%.

Shell Asset Management Co. grew its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 120.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,309 shares of the medical instruments supplier's stock after purchasing an additional 716 shares during the quarter. Shell Asset Management Co.'s holdings in Mettler-Toledo International were worth $1,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTD. WPG Advisers LLC purchased a new stake in shares of Mettler-Toledo International during the first quarter valued at $41,000. Zions Bancorporation National Association UT purchased a new stake in shares of Mettler-Toledo International during the first quarter valued at $43,000. Golden State Wealth Management LLC grew its holdings in shares of Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after buying an additional 35 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Mettler-Toledo International by 477.8% during the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier's stock valued at $61,000 after buying an additional 43 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after buying an additional 52 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MTD shares. Weiss Ratings reissued a "hold (c)" rating on shares of Mettler-Toledo International in a report on Wednesday. Citigroup upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Barclays upped their price target on shares of Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $1,342.22.

Mettler-Toledo International Stock Up 1.5%

MTD opened at $1,328.52 on Thursday. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,486.76. The company has a 50-day moving average price of $1,276.00 and a 200 day moving average price of $1,188.84. The company has a market cap of $27.37 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.93 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The firm had revenue of $983.22 million during the quarter, compared to the consensus estimate of $957.41 million. During the same quarter in the prior year, the firm earned $9.65 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. As a group, sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total value of $376,227.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,389,588.55. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the sale, the director owned 283 shares of the company's stock, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,827 shares of company stock worth $2,371,208 in the last 90 days. Insiders own 1.94% of the company's stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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